First Indian Company To Undergo Cross Border Insolvency: Jet Airways
INTRODUCTION As a result of the National Company Law Appellate Tribunal’s decision to establish a “Joint Corporate Insolvency Resolution Process” under the Insolvency and Bankruptcy Code (IBC), Jet Airways became the first Indian company to experience cross-border insolvency in 2019. This marked a significant milestone for the nation’s developing insolvency law. The pivotal issue concerns the […]